Mbbs-Us Inc.

“Form 990 is prepared by an independent CPA firm, detail reviewed by management and finance, and then provided to the entire Board electronically for a top-level review prior to being filed with the IRS.”

“The conflict of interest policy is reviewed and signed annually by the trustees to certify they are in compliance with the policy. Board members are expected to self-report the potential for any actual or perceived conflict of interest. In addition, the Chair of the Board and President of Fresno Pacific University monitor Board assignments and relationships with the University for potential conflict of interest. Potential or actual conflicts of interest are resolved by the President and/or Board of Trustees as appropriate. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“The organization does not compensate any officers or key employees. Therefore, these lines were answered no in accordance with the instructions.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 06/30/2019. The 2018 Form 990 and its associated schedules were not updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $ 729,807 Line 29 - Net assets with donor restrictions 1,733,222 --------- Total net assets $2,463,029”

“The organization's board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year.”